The RBI has allowed OTP based e-KYC for banks to open new accounts using OTPs (One Time Pin) on mobile phones. This amendment will quicken the process of opening accounts. Account Deposit and Transaction limits An aggregate deposit limit of Rs 1 lakh is applicable on these accounts. Also, the total financial credits cannot be […]
Continuing with its push towards a cashless digital economy, government has introduced additional schemes to promote the use of digital payment options as opposed to cash-based transactions. These new digital payment benefits include the following: • Nil Service Tax on transaction charges for individual digital payments not exceeding Rs. 2,000 • 0.75% discount on sale […]
In the process of easing online card payments, Reserve Bank of India (RBI) relaxed the authentication norms for the payments up to Rs.2000. To add on to the convenience with sufficient security of online shopping for low value transactions, card issuers would offer payment authentication solutions for the respective card networks on an optional basis. […]
First things first – Using your credit card till it reaches the credit limit is not a good practice and should be completely avoided. You should not use more than 40% of your credit limit in any given month. A maxed-out credit card is a dangerous proposition because of several reasons. Firstly, a credit card […]
Sedan cars in India are designed to offer a balance of style and affluence, along with smooth unmatched driving experience. Every year brings new surprises for auto-enthusiasts, whether it’s a reimagined version of a classic or a new launch that redefines design and comfort. While some sedans are ideal for daily commuters (being thrifty gas-sippers), […]
Porsche launched the new ultra-luxury Macan R4 SUV at Rs.76.84 lakhs (Delhi ex-showroom price). This is the 4th variant of the flagship Macan brand to be introduced in the Indian automobile market after S diesel Turbo. Macan R4 has 2.0-liter, four-cylinder petrol engine which would produce 370Nm torque and 252PS power. With a 7-speed […]
After the recent data theft of debit cards, the banking industry has tightened security aspects of cards and have urged customers to change passwords. Here are different kinds of card frauds and the necessary precautionary steps. Skimming This takes place when your card is inserted into an electronic device that copies and saves the […]
It’s been a couple of years since I completed my engineering degree and I am about to change employers, moving on to working with one of the largest IT consulting and solutions firm in the world. A 4 year bachelor’s degree has earned me one of the more decently paying jobs, if not the most […]
After the government’s demonetization move, the daily gold imports of India have witnessed a sharp increase. The volume has gone past the purchases done during the build-up to Dhanteras on 28th October. The imports witnessed a tenfold increase and rose to Rs 2,229.1 crores on November 10 and increased further to Rs 2,374.4 crores on […]
Hyundai India has launched the new Tucson starting at Rs.18.99 lakh. The new SUV is available in multiple diesel and petrol variants in both automatic and manual versions across various price points. The new Tucson was showcased at Auto Expo 2016. Tucson’s features include LED DRL fog lamps, electronic parking brake, 18-inch alloys, gimmicky […]
